Guns vs. cash

[grousemaster]

I have a 16 month old daughter, who already owns a couple guns....that she doesn't know about yet (well, understand anyway)

My question is this: I want to save up some assets for her so when she turns 18 she can either sell to use for college expenses, or keep them. What's a better investment, a couple grand in cash in the bank (or a college savings account), or a couple Colt 6920's sitting new in box?

[Heffay]

I have a 16 month old daughter, who already owns a couple guns....that she doesn't know about yet (well, understand anyway)

My question is this: I want to save up some assets for her so when she turns 18 she can either sell to use for college expenses, or keep them. What's a better investment, a couple grand in cash in the bank (or a college savings account), or a couple Colt 6920's sitting new in box?

Investing the money properly.

Or, if you want to "diversify", get one Colt, and put the rest into a college fund.

[grousemaster]

I have a 16 month old daughter, who already owns a couple guns....that she doesn't know about yet (well, understand anyway)

My question is this: I want to save up some assets for her so when she turns 18 she can either sell to use for college expenses, or keep them. What's a better investment, a couple grand in cash in the bank (or a college savings account), or a couple Colt 6920's sitting new in box?

Investing the money properly.

Or, if you want to "diversify", get one Colt, and put the rest into a college fund.

I will have an actual college savings account for her to....I guess my question is, will investments in guns out perform cash (i.,e., will the anti's, along with inflation, drive up the price of rifles?)? Maybe I'm a pessimist, but demographics don't look good for the GOP or gun rights long term....

[Ron Burgundy]

Accumulating cash in the bank for the next 17 years is the same as losing money. Invest it in a college savings plan. You'll get a better return and more importantly, you (or someone suing you) can't spend it.

[hunterfreakhd]

I have had the cash gun investment talk with many people. The over risk in investing in Guns is rather high for only one reason which is by the stroke of a pen it may be illegal to own your "investment"

[Hoot]

You know who the guns are really for.
Set up a 529 Account

Hoot

[grousemaster]

You know who the guns are really for.
Set up a 529 Account

Hoot

She's got a 529 account....actually two of them since her grand parents spoil her

I'm just worried about the devaluation of my labor via inflation and the rising cost of living, I want to protect the value of my work by putting money into something tangible and resistant to inflation....maybe I'll take it easy on the guns for now....great advice here I do appreciate it.

[Ron Burgundy]

You know who the guns are really for.
Set up a 529 Account

Hoot

She's got a 529 account....actually two of them since her grand parents spoil her

I'm just worried about the devaluation of my labor via inflation and the rising cost of living, I want to protect the value of my work by putting money into something tangible and resistant to inflation....maybe I'll take it easy on the guns for now....great advice here I do appreciate it.

Sounds like you have college covered. I'd be more worried about a wedding fund! My daughter is almost 4 months and we started setting money aside for that inevitable day.

[GNCAaron]

I don't know much about precious metals, but I plan to buy an ounce or two of gold someday. Maybe you want to consider that, but make sure you learn a bunch about it first. And congrats on the little one!

[Chunkychuck]

The sad fact is that nothing you do will help if the economic collapse that many believe is coming actually happens. Most will not have the resources to buy guns. They will be concentrating on surviving. Ammunition would be a better investment in my mind even as high as it is right now because your guns are pretty much useless without it.

[Heffay]

This thread turned weird awfully fast.

If you think the economy is going to collapse to the point where investing in bullets makes sense to you, maybe you should recommend to the OP that he pull all his money out of the education fund he has set up and buy his little girl MREs and bullets?

[Chunkychuck]

This thread turned weird awfully fast.

If you think the economy is going to collapse to the point where investing in bullets makes sense to you, maybe you should recommend to the OP that he pull all his money out of the education fund he has set up and buy his little girl MREs and bullets?

It's weird to consider all possible future events?

[Ron Burgundy]

This thread turned weird awfully fast.

If you think the economy is going to collapse to the point where investing in bullets makes sense to you, maybe you should recommend to the OP that he pull all his money out of the education fund he has set up and buy his little girl MREs and bullets?

That's what we do here.

[DoxaPar]

I have a 16 month old daughter, who already owns a couple guns....that she doesn't know about yet (well, understand anyway)

My question is this: I want to save up some assets for her so when she turns 18 she can either sell to use for college expenses, or keep them. What's a better investment, a couple grand in cash in the bank (or a college savings account), or a couple Colt 6920's sitting new in box?

Seems like only 16-17 years isn't going to be enough time to really inflate the cost of the Colts to the point of making a big difference. If you put the cost of them into a 529 (as Hoot recommended) that wouldn't make much difference either.

Just a guess but I'm thinking you're putting too much time into thinking about what will end up being 2% of her total cost of college. (I really hope I'm wrong about that!)

Of course, I could be wrong too. /shrug

Edit: Oh.. also, it is very difficult to predict what the future may hold regarding the legality of selling firearms. Worst case scenario you keep the Colts and can't sell them for her college fund because it'd make you a felon. /gulp

[Heffay]

It's weird to consider all possible future events?

*All* future events? Yes, it certainly can be.

What should his investment plan be for an asteroid strike, or a comprehensive gun ban?

Of course, he could diversify for all of the least likely options possible, but then you're slicing that pie pretty thin.